Proof of stake (PoS) is a hot topic in the blockchain community. But will it work out as expected?

A short primer on consensus history

Why would we need Proof of Stake consensus algorithm, instead of Proof of Work? In short, the answer is two-fold : scalability and resource-efficiency.

For a more elaborate answer, let’s start with a quick look backward on distributed computing. Consensus is one of the most important goals to be achieved when many distributed computers share the same task and…